The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I`m afraid Bob Cat`s got a point. the longer this carries on in "trials" the less likely the trials will be successful. The trails have been going on for 3 months now and no news of any sales. Why not ? After three months even with the necessary adjustments if it was that good wouldn`t someone have signed up by now?
3/4/5 months its as long as it takes ok . I`m heavily into this and like everyone else want an Argo but if its not working properly after trials, and presumably you wouldn`t send it to triall without being confident it would work and impress customers why the wait ?
Eye watering funny, they`ve renewed the insurance !! for £840. Fill your boots ! Seriously, when is this company going to run out of money?
Just read the heaven and earth script from George below. It's just the sort of non committal sounds good rubbish that non achievers spout. We've all heard that c*** in our own work.
Like as if him saying I'll break the rock with my own hands impresses anyone. He obviously thinks it does.
These deadlines won't be met yet again, I don't honestly know why he bothers setting them. I suppose the Chinese make him. Pathetic and needs sacking.
Just remember within all the debates we have on here we`ve all put varying amounts of money down and have found out that the company is being run by a CEO who is hopeless and continually misses deadlines. (He can`t even adjust his thinking to cut himself a bit of slack by adding a bit more time to the equation)
Then he`s gone and employed Stark who are as bad as him. the less said about them the better, would you employ either ?
The Chinese and (most of us ) must be incredulous about the state of what`s going on. If I didn`t have money invested I`d laugh at the thought of installing a new mill when we can`t get the first one working.
I`m holding because I have to but when we get to the Spring and those deadlines are up again don`t hold your breath. Of course a broken clock tells the right time twice a day so theres always a chance !
PD 101, things aren`t looking good at all. Most people here are down massively here since January`s pathetic RNS. The company has been mismanaged from the top and the SP has been destroyed totally unnecessarily. A bit more care and planning with comms and finances could have avoided this meltdown but they couldn`t be bothered. (though AM and his FD were bothered when it came to sticking their own noses in the trough.)
Yes, there are things in the pipeline which are known to everyone here but thats what they are just in the pipeline. Interestingly since August peeps on here have being saying this is month for the rerate in production figures and its Christmas next month with no rerate. then we`ll have its gone cold so we`ve had to shut down, like last year.
I now treat this company with a great deal of scepticism and don`t really get excited about its future and SP like I used to be which shows how badly shareholders have been treated over the last few years.
Even if they deliver on higher production figures and a JV can the SP go from 2p to 40p and that would just get a large proportion here their money back.
I`ve little confidence that anything will change here by the new year. It will be the same old incompetents not doing what they should and bickering with each other about why this doesn`t work, you didn`t tell me that, its not my fault etc etc.
They clearly can`t get this to work and the same fools starting again shouldn`t inspire anyone with any confidence.
I expect we`ll get the ususl tempting RNS`s , new mill arrived on site, now going through a trial run, trial looking good etc.
I think with the right people working on this , this could be a very good investment. Perhaps the Chinese could take over and appoint their own people, get it up and running and buy us all out for 20p!!!
qbt reckon they have a product that will greatly increase the speed of bitcoin mining. obviously if this works then this company will be an extremely profitable investment.
however we have heard it all before on aim, od x , massive order for covid masks with the govt( turned out to be a load of b/s) nn n nano particle technology in with a big german firm volz, again a load of toss. almost every miner/ oile r on here.
as yet not a ****le of income has been had here and indeed it hasn't even ben n proven to work and could indeed not work at all.
here's the question , the software is currently being tried presumably by various miners that our north american salesman has asked to trial it.
two things presumably it left qbt in a state of readiness to be trialled and secondly again presumably it is not a plug and play thing so needs adjustments.
the customers will now have had this attached to their software for newly two months by now , should orders be coming by now? secondly whilst there is an optimum time for the software to be running correctly would it be true to say that the longer this goes on the less likely it will be a viable product as customers will have seen it not working ?
Firstly time for George to go. Would have been better leaving himself to next year for proper production but he`s been overconfident and delusional about the progress he thought he could make to buy himself more time and appease the Chinese. They`ve now got him by the b******* and it will be us (as per usual) that will suffer .
No doubt further placements , dilution, payment in shares etc etc as he scrambles pathetically for some cash.
Truth of it is he needs to man up, get a decent time estimate for production (add 6 weeks to allow for the inevetable delays) and then announce some good news early.
On the positive note there might be a sale which would spike the SP or indeed in the New Year production might start which isn`t too long away.
I`ll believe it when I see it. On a personal note I will be holding long and weak as I`m not willing to suffer a massive loss when in 6 months it could all be up and running. (If the Chinese let it. )
Best of luck to us all, we`ll need it!
Bought at the top here near a penny believing foolishly it looks like now that they might produce. And indeed they might and on time. However think about it like normal work you wouldnt go giving important work and deadlines to duffers that constantly missed them because this , that and the other.
This is the situation we are in here they could produce and the price could hit anywhere between 2 and 5p. However he`s consistently failed to hit deadlines this year and I don`t see why this one will (no matter what I would like) be any different.
The last RNS was brilliantly written about how everything was going to be put right by the end of November and the team had been brought in and told what they must achieve in no uncertain terms. Judging by the past , this isn`t very likely.
As usual hope I`m wrong and that my £5k will turn into £10 plus but the portents with the SP don`t look good. If it was near producing then the SP would be going up.
I`m a big holder here for me anyway. And of course want this to be another ARB. Remember though no one has paid a penny for this in the form of orders and why because its currently being tested by potential customers. You`d swear listening to some on here that its all done and dusted of course it isn`t, to be honest even they don`t believe that its just part of the talking it up process. Is it all to good to be true ? Maybe, but I`ve held tightly throughout and the daily fluctuations don`t bother me.
A few questions that someone might answer, when this is tested how long before the customers will know whether it works or not ? If its weeks and we still have no orders then this process may be in trouble ? If it is and we soon get orders then we may indeed have an arb on our hands. But please do not give the impression that this is a given, though we should no soon enough !
Ste, two things about that that. The SP says it all about negativity , the BO D (point accepted about the war) have nevertheless contributed a great deal to where the S P is. (If anybody really believed a sale was in the offering it would be a lot higher than its usual sorry state.)
Also as for moving on what's the point I've been in this that long a m waiting for the BOD to come up trumps that is my position. Others may have the view that I could invest it elsewhere if rather wait longer if necessary ,don't take that as a vote of confidence though!
Brilliant post by tygra, 're Stockholm Syndrome. Just the situation I'm in. However whilst I realise I'm in debt of thousands with this, there's really no choice but to wait it out. It might not be palatable, it's the way it is. As tygra mentions the BO D have been hopeless, hiding behind the usual N DA rubbish thats run out ages ago. Next as described we 'll have the usual hopeless and now laughable rubbish about there still being a chance of a sale. It's been a sh****** of misinformation from start to finish. However over the last few years their inactivity and awful communications particularly with regard to the shareholders shows what they actually think of us.
On a side note I was in od x whose BO D strung us along for 18 months about a govt contract they pretended they had but really didnt. Eventually they had to come clean. We should be on the cusp of that here, but don't hold your breath. At least the SP been ******* already!
Good post from addison sums it up as to where this is.
Anyway enough sensible chat, back to I`ve made a billion pounds out of this last week, my knob is bigger than yours, what do you know, your not even invested, I used to be in Haircut 100, this will be a tenner next week, etc etc
don't worry everyone there's the special dividend we were promised by her another serial bull****ter. like all these aim w****** i don't why they even bother saying it it , to draw us in i suppose.
this used i think to be a good investment for the future companies were talked up, sales were imminent, reebok are involved etc. however in the last year it's all started to crumble yet another ipo coming up one of the last. all that will be left them is the usual blah, blah , blah potential. like someone said on here before what about actually selling something and bringing some cash in. we've posted a product on amazon, ffs!!
Many people missing the whole point of investing here. Excellent RNS sorting the finances out. As I write S P up zero. Even if the jam tomorrow stuff arrives jv, increased product ion, the S P should have been steadily moving North the last few months in fact it's worse . Says it all really. In the medium term the sorry is all the new comes out and we get to 15p say. That will still leave most of us well ******. In fact every decent rns the company releases the sp goes down.
Back to 4p. WOW! What a load of crap. Someone needs to get this pile of dung moving back to a proper valuation and give the LTH`s some value !
I`m not really interested how its done, what news has to be announced or when thats the CEO`s responsibilty. We`ve been waiting a year since the JV was first mentioned. Increased production gas installations, pipelines etc. All the SP has done has tanked. We`re in October now, next it will be Christmas, looking at past evidence we`ll still be waiting then!
Simmo summed it up well below. The issue here for years has been BOD comms. Look at that s***show RNS in Jan re the finances 16p to 4p in half an hour. One thing you can guarantee is if new and professional finance is done, I doubt we`ll be back to 16p by Tuesday.
Truth is Arthur has wrecked this SP for LTH`s and I`m glad he`s been removed from his post. It seems oddly that the hard bits like finding oil, doing deals he`s fine at but communications have been worse than awful.
So instead of starting from between 15 -20p (actually I really believe we should be at 50p ish now) we are shambolically at a tenth of that, so even with more production and a JV its still going to be a long, long old haul to the pound I crave !
Gents you may well be right. The very fact that they are still going in about it shows there have been discussions and that if anyone is going to make an offer they need to do soon. Theres obviously some type of potential here, we re going to find out soon. I just thought that sentence stood out.
I like many others have invested here as a bit of punt and whilst I wouldn`t say this won`t go bust , there does seem to be some hope left. I base this on three reasons the SP today whilst like someone said before it will probably have to go through 2p until we defo know something is up as I write 35% isnt a bad start.
The company has continually pushed deadlines for offers/takeovers back and tried to draw out some definates from the main suspect Mr Fleming by ending an exclusivity period.
This "However, in this context, should there not emerge, very soon, a viable alternative solution," once again shows to me we are very , very close to an offer which whoever needs to make very soon. No doubt this leaving it to the wire is a bluffing game between both of them but that quote says to me there is something in this. Oh and I forgot 12p here we come!!